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Announcement Regarding Results of the General Issue of Shares for Cash
VISUAL INTERNATIONAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/030975/06)
ISIN Code: ZAE000187407 Share code: VIS
("Visual" or "the Company")
ANNOUNCEMENT REGARDING RESULTS OF THE GENERAL ISSUE OF SHARES FOR CASH
Shareholders are referred to the announcement dated 6 October 2025, where the Company
announced its intention to issue shares for cash by way of a bookbuild process which closed
on Friday, 31 October 2025.
The Directors of Visual are pleased to announce that the Company received applications for
R1 705 630,26 and hence investors will receive 100% of their application. Accordingly, the
Company will issue 85 281 513 shares at 2 cents per share under its general authority to issue
shares for cash. The issue price is at a discount to the 30-day Volume-Weighted Average Price
("VWAP") of 2.06 cents, being the date that the price of the issue of shares under the general
authority was agreed. The funds were raised from a broad range of public investors. Successful
qualifying investors will be informed shortly regarding their allocation and provided with
payment details.
In addition to the information required in terms of paragraph 11.22 of the JSE Listings
Requirements, shareholders are advised that this issue would have changed the net asset
value per share from 2.09 cents to 2.084 cents, based on the last published interim results on
31 August 2025 had the issue taken place on 31 August 2025.
Application will be made for the listing of the 85 281 513 new shares in conjunction with the
receipt of the proceeds of the share subscriptions, which will be due by close of business on
Wednesday, 5 November 2025. The listing of the shares is expected to be on or about
Thursday, 6 November 2025.
Cape Town
4 November 2025
Designated Advisor
AcaciaCap Advisors Proprietary Limited
Date: 04-11-2025 04:55:00
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